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World's Top 5 Military Budgets
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Tags: world, military, budgets, money, dollars, billions, annual, war, top 5

Since the end of the Cold War, most of the world’s militaries have downsized. But in recent years, a few countries have been bulking up. In this list, ForeignPolicy.com takes a look at the countries that are going large while everyone else is slimming down.

1. United States of America - Annual military budget: $481.4 billion (FY 2008 estimate)
2. People’s Republic of China - Annual military budget: $103.9 billion (2005 estimate)
3. Republic of India - Annual military budget: $21.7 billion (2005)
4. Republic of South Africa - Annual military budget: $3.69 billion (2005 estimate)
5. Bolivarian Republic of Venezuela - Annual military budget: $1.67 billion (2005 estimate)

Lister: Anonymous
Source: foreignpolicy.com

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<a href="http://www.listafterlist.com/ListResults/tabid/57/listid/11068/Default.aspx">World's Top 5 Military Budgets</a></span>
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<li>People’s Republic of China - Annual military budget: $103.9 billion (2005 estimate)</li><li>United States of America - Annual military budget: $481.4 billion (FY 2008 estimate)</li><li>Republic of South Africa - Annual military budget: $3.69 billion (2005 estimate)</li><li>Bolivarian Republic of Venezuela - Annual military budget: $1.67 billion (2005 estimate)</li><li>Republic of India - Annual military budget: $21.7 billion (2005)</li>
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